Facebook "offers media outlets $3 mln to license content"August 9, 2019 - 13:19 AMT PanARMENIAN.Net - Facebook has reportedly offered several news outlets millions of dollars in exchange for the rights to display their content in a news section it plans on adding. The move was first reported by the Wall Street Journal, which said Facebook (FB) representatives told media outlets that it would pay up to $3 million annually for the right to license stories, headlines and article previews. A Facebook spokesperson confirmed to CNN Business that the company plans to launch the new tab in Facebook this fall, but wouldn't comment on the Journal's reporting about offers to media outlets. Outlets approached by Facebook (FB) included Disney (DIS)-owned ABC News, The Washington Post, Bloomberg and Dow Jones, according to the Journal. ABC News did not immediately respond to a request for comment. Dow Jones, Bloomberg and The Washington Post declined to comment. Facebook has gobbled up a large share of the advertising dollars that previously went to newspapers and online news outlets. Facebook and Google have been the two dominant forces in digital advertising for years, and now Amazon is quickly ramping up its own advertising business, putting further strain on smaller competitors. The Journal's report said the licensing deals would be for three years. It's unclear if any media outlets have signed on. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |